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Bank of Marin Bancorp (Nasdaq: BMRC) reported record earnings of $12.2 million for Q3 2022, up from $11.1 million in Q2 2022. Diluted EPS increased to $0.76 from $0.69. For the first nine months, earnings reached $33.7 million, compared to $23.5 million in the prior year, with diluted EPS of $2.11 versus $1.69. The bank experienced a tax-equivalent net interest margin of 3.16%, up from 3.05%, and improved efficiency ratio at 52.24%. Total deposits rose to $3.903 billion, aiding robust loan production despite a slight decline in loan balances.
Bank of Marin Bancorp (BMRC) will host its third-quarter earnings call on October 24, 2022, at 8:30 a.m. PT. During the call, CEO Tim Myers and CFO Tani Girton will discuss the fiscal highlights ending September 30, 2022. Interested investors can join the live webcast on the Bank of Marin's website, with a replay available shortly after. The bank, with assets of $4.3 billion, operates 31 retail branches and specializes in commercial and personal banking services.
Bank of Marin Bancorp (BMRC) reported record earnings of $11.1 million in Q2 2022, reflecting an increase from $10.5 million in Q1 2022. Diluted EPS rose to $0.69 from $0.66. Year-to-date earnings totaled $21.5 million, up from $18.2 million in the same period last year. The company increased its dividend to $0.25 per share, marking the 69th consecutive quarterly dividend. The loan portfolio showed strong production with $102.2 million in originations despite a slight drop in total loans to $2.163 billion.
Bank of Marin Bancorp (NASDAQ: BMRC) is set to present its second quarter earnings call on Monday, July 25, 2022, at 8:30 a.m. PT. Investors can join President Tim Myers and CFO Tani Girton as they discuss fiscal highlights ending June 30, 2022. The event will be available via webcast on the Bank of Marin website. Established in 1990, Bank of Marin operates with assets of $4.3 billion, featuring 31 retail branches and eight commercial banking offices across Northern California.
Bancorp reported first quarter 2022 earnings of $10.5 million, up from $9.7 million in Q4 2021 and $8.9 million in Q1 2021. Diluted earnings per share (EPS) remained stable at $0.66. The successful conversion of American River Bank's systems took place with minimal disruption, reflecting effective management. Loan balances decreased to $2.202 billion, but loan originations peaked at $49.8 million. Deposits grew by $52.8 million to $3.861 billion. The total risk-based capital ratio was 14.4%, above regulatory requirements.
Bank of Marin Bancorp (Nasdaq: BMRC) will host its first quarter earnings call on April 25, 2022, at 8:30 a.m. PT. CEO Tim Myers and CFO Tani Girton will discuss fiscal highlights from the quarter ending March 31, 2022. The bank, headquartered in Novato, California, reported assets of $4.314 billion as of December 31, 2021, with 31 branches across 10 counties. Interested parties can access the webcast on the company’s website.
Bank of Marin Bancorp (Nasdaq: BMRC) announces the retirement of Leslie E. Murphy from its Board of Directors, effective January 31, 2022. Murphy, who joined the Boards in 2017, contributed significantly during her tenure, serving on various committees. She is recognized for her leadership as CEO of W. Bradley Electric, a top electrical contractor in North Bay and a prominent woman-owned business in the Bay Area. Chairman Brian M. Sobel acknowledged her impactful leadership as invaluable to the Bank's growth.
Bank of Marin Bancorp (Nasdaq: BMRC) reported Q4 2021 earnings of $9.7 million, up from $5.3 million in Q3 2021 and $8.1 million year-over-year. Diluted EPS rose to $0.61 from $0.35 in Q3 2021. Annual earnings reached $33.2 million, marking a growth from $30.2 million in 2020. The bank declared a quarterly dividend of $0.24, continuing a streak of 67 quarters. Key performance metrics included an 8% loan growth and a 52% increase in deposits, driven by the acquisition of American River Bank. Notable improvements in credit quality and operational efficiency were also reported.
Bank of Marin Bancorp (NASDAQ: BMRC) will host its fourth quarter earnings call on January 24, 2022, at 8:30 a.m. PT. CEO Tim Myers and CFO Tani Girton will highlight the company's fiscal fourth quarter performance ending December 31, 2021. The call will be accessible via the Bank of Marin's website, with a live webcast for those who register in advance. The bank, headquartered in Novato, California, has assets totaling $4.261 billion and operates 31 branches across Northern California.
Bank of Marin Bancorp (NASDAQ: BMRC) announces the retirement of Norma J. Howard from its Board of Directors, effective January 3, 2022, after 25 years of service. Ms. Howard, a veteran in telecommunications and community relations, played a significant role in guiding the bank's growth. Her involvement in various committees, including Compensation and Nominating, has been notable. The Chairman, Brian M. Sobel, acknowledged her contributions and wished her well in retirement. The bank, founded in 1990, has assets of $4.261 billion as of September 30, 2021.
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